Glossary
of
Maritime, Shipping and Commercial Terms,
Expressions, Abbreviations, Measuring Units, etc.
W/M (WORM)
|
Weight or Measurement.
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Waiver
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Document used to allow cargo carriage by different flag vessels than original destination country vessels. Also on government cargoes where cargo flag cannot carry the shipments.
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Waiver Clause
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Clause in a marine insurance policy stating that no acts of the insurer or insured in recovering, saving or preserving the property insured, shall be considered a dismissal from or acceptance of abandonment.
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War Risk
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Surcharge covering additional insurance premium incurred by a vessel entering a war zone.
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Warehouse
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A building intended for receipt, storage and handling of goods.
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Warehouse Receipt
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Receipt for goods deposited in a warehouse.
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Warehousing
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The activity of holding and handling goods in a warehouse.
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Waybill
|
Non-negotiable transport document evidencing the contract for cargo transportation
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from one point to another.
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Wayport Cargo
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wayport cargo is cargo using our MOTHER VESSELS (e.g. AE1,AE5,TP3, etc) within only
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1 region. It includes transshipment cargoes. Below are all wayport cargoes;
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1) booked OAK/SIN via HKG (routing : OAK-HKG-SIN : 2 vessels) this shipment will be called WAYPORT between HKG-SIN if it uses a mother vessel such as AE1 for HKG-SIN leg.
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2) booked YAT/SIN (routing : YAT-SIN : 1 vessel) if booked on mother vessel such as AE1, this is also called a wayport cargo.
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Wear and Tear
|
Loss and/or deterioration resulting from ordinary utilisation.
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WEF
|
With Effect From
|
Weight Ton
|
A ton of 1000 kilos.
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Wharf
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A place for berthing vessels to perform loading and discharging of cargo.
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Wharfage
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A fee charged for the use of a wharf for mooring, loading or discharging a vessel or for storing merchandise.
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Wire Transfer
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Electronic transfer of funds.
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